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Risk Warning: Your capital is at risk. Statistically, only 11-25% of traders gain profit when trading Forex and CFDs. The remaining 74-89% of customers lose their investment. Invest in capital that is willing to expose such risks.

4.1
/ 5

MultiBank Group review

By azeshan
Updated on Sep 11, 2024
|
13 mins read

Overview

There are many brokers on the market, each offering their own pros and cons. While there is no single correct option for all, it’s important to take the...
See full overview for MultiBank Group
Countries
+40
Devices
Max insured
Yes
Our Verdict
4.1
/ 5
Commissions & Fees
4.4
/ 5
Deposit & Withdrawal
3.9
/ 5
Customer Support
4.5
/ 5
Account Opening
3.8
/ 5
Regulation & Safety
3.9
/ 5

Our 5-step process of verification and evaluation – How do we obtain information?

 

General inspection – 30%

Trading experience – 30%

Technical audit – 20%

Collective experience from collaborations with the broker – 10%

Interviews with real traders – 10%

 

See the entire process here.

Pros

  • Highly Regulated and Trustworthy

  • Excellent Asset Selection

  • Multiple Account Types

  • Several Trading Platforms

  • Excellent Customer Service

Cons

  • High Minimum Deposit for Best Conditions

  • Limited Educational Resources

  • Occasional Customer Support Delays

  • High Inactivity Fee

General details

Type of accounts
Demo accounts (with a time limit)
Standard Accounts
ECN accounts
Swap free accounts
VIP accounts
Micro accounts
Segregated accounts
Execution Model
ECN
Deposit currency
USD
EUR
JPY
GBP
AUD
CHF
CAD
MXN
NZD
INR
Regulatory complience
ASIC
Deposit payment systems
Withdrawal payment systems
Support Languges
English
Arabic
Vietnamese
Indonesian
Spanish
Italian
Chinese
Malay
Portuguese
Russian
Thai
Turkish
Ukrainian
Tagalog
French
Hindi
Autotrading
MQL.5 Signals MT4 Multibank Pro MT5 Multibank Pro Zulutrade Myfxbook Autotrade Signal Start DupliTrade
Contact details

Customer reviews

Read real reviews from traders all over the world:

P
Peter Miller
3 January 2023
Advantages: Great trading conditions with bonuses
Disadvantages: None
It didn't take me long to open an account with this broker, and moreover, it turned out to be a great option for beginners. I started trading immediately, and I managed to profit in the first month. Trading conditions there are the best, and I don't even think about switching to anything else (at least, in the nearest future). But I doubt I'll be able to find something better. So if you're determined to get into trading, choosing this broker can be highly beneficial for you.
See all 1 customers reviews

Accounts

Type of Trading Accounts

MultiBank Group offers its clientele three types of trading accounts: the Standard Account, the Pro Account, and the ECN Account. All three trading accounts on MultiBankFx offer leverage up to 500:1, negative balance protection, social trading, and access to MT4, MT5, cTrader, and WebTrader. 

However, each account has unique features that cater to traders’ specific needs. These features are:

  • Standard Account: This account is designed for novice traders who want to start trading with a lower deposit amount. It offers spreads starting from 1.5 pips and requires a minimum deposit of $50. The MultiBank Group’s Standard account does not charge any commission fees.
  • Pro Account: This account is designed for experienced traders who require more features and tools to execute their trading strategies. It offers spreads starting from 0.8 pips and requires a minimum deposit of $1,000. The Pro account is also commission-free.
  • ECN Account: This account is designed for professional traders who require low spreads and fast execution speeds. An Electronic Communication Network (ECN) account provides direct access to the interbank market. This account has tight spreads starting from 0.0 pips and requires a minimum deposit of $5,000. The ECN account charges a $3 commission fee per lot traded.
ECN - MultiBank
Swap-free account
Availability of a VIP account
Phone trading
Hedging
Trading with expert advisers
Trading 24 hours a day
Trailing stop
Mailing the documents
Trading Platforms
METATRADER 4 METATRADER 5 Meta Trader 4 Mobile MetaTrader 5 Mobile
Deposit currency
USD
EUR
JPY
GBP
AUD
CHF
CAD
MXN
NZD
INR
Trading instruments
Forex
1:500
Number of currency pairs: 12
AUD
CAD
CHF
JPY
NZD
SGD
USD
EUR
NOK
SEK
TRY
MXN
1:20
1:500
1:50
Cryptocurrencies
Stop Out
50%
Minimum position size
0.1 units
Execution type
instant
Spread type
Floating
Decimal places
5
Margin Call
50%
Locked Margin Level
50%
Other
Swap free
VIP account
Phone trading
Scalping
Hedging
Spread type
Trading with expert
Trading 24 hours a day
Trailing stop
Interest on free balance
Mailing the documents
PRO - MultiBank
Swap-free account
Availability of a VIP account
Phone trading
Hedging
Trading with expert advisers
Trading 24 hours a day
Trailing stop
Mailing the documents
Trading Platforms
METATRADER 4 Meta Trader 4 Mobile METATRADER 5 MetaTrader 5 Mobile
Deposit currency
USD
EUR
JPY
GBP
AUD
CHF
CAD
MXN
NZD
INR
Trading instruments
Forex
1:500
Number of currency pairs: 13
AUD
CAD
CHF
JPY
NZD
SGD
USD
EUR
GBP
NOK
SEK
TRY
MXN
1:20
1:500
1:50
Cryptocurrencies
Stop Out
50%
Minimum position size
0.1 units
Execution type
instant
Spread type
Floating
Decimal places
5
Margin Call
50%
Locked Margin Level
50%
Other
Swap free
VIP account
Phone trading
Scalping
Hedging
Spread type
Trading with expert
Trading 24 hours a day
Trailing stop
Interest on free balance
Mailing the documents
Standard - MultiBank
Swap-free account
Availability of a VIP account
Phone trading
Hedging
Trading with expert advisers
Trading 24 hours a day
Trailing stop
Mailing the documents
Trading Platforms
METATRADER 4 METATRADER 5 Meta Trader 4 Mobile MetaTrader 5 Mobile
Deposit currency
USD
EUR
JPY
GBP
AUD
CHF
CAD
MXN
NZD
INR
Trading instruments
Forex
1:500
Number of currency pairs: 13
AUD
CAD
CHF
JPY
NZD
SGD
USD
EUR
NOK
SEK
TRY
GBP
MXN
1:20
1:500
1:50
Cryptocurrencies
Stop Out
50%
Minimum position size
0.1 units
Execution type
instant
Spread type
Floating
Decimal places
5
Margin Call
50%
Locked Margin Level
50%
Other
Swap free
VIP account
Phone trading
Scalping
Hedging
Spread type
Trading with expert
Trading 24 hours a day
Trailing stop
Interest on free balance
Mailing the documents

Tradable instruments

Tradable instruments on Multibank Group trading platforms include:

  • Metals
Currencies
N/A
Stocks
N/A
Indices
N/A
Commodities
N/A
Cryptocurrencies
N/A

Frequently asked questions

Find the right answer to your question below.

Is MultiBank Group a reliable forex broker?

MultiBank Group is one of the most regulated brokers with countless satisfied customers. It has been in operation since 2005 and offers a quality trading experience. High regulatory status means brokers must adhere to strict guidelines and offer transparency. This gives peace of mind from the start. MultiBank Group also offers negative balance protection on all accounts.

What trading platforms does MultiBank Group offer?

MultiBank Group offers various trading platforms. This includes industry-standard MetaTrader 4 and its updated version, MetaTrader 5. Additionally, a web-based platform is also available. Alongside this, there is also a mobile app which is available on iOS and Android.

What's the minimum deposit for MultiBank Group?

Minimum deposits vary by account type chosen. One of the biggest complaints many users have about this broker is that its minimum deposits on some accounts are significant. The Standard Account keeps deposits low at just $50, however the Pro and ECN Accounts ask for $1000 and $5000 respectively.

Does MultiBank Group offer copy trading?

MultiBank Group does offer a copy trading feature that allows successful trades to be replicated. However, it’s important to remember that previous results don’t always guarantee repeated success.

How does MultiBank Group's customer support measure up?

Overall, MultiBank Group’s customer support is excellent, with 24/7 availability across several routes, including live chat, phone, and email. However, some users believe response times could be faster.

MultiBank Group compared with alternative brokers

To see the full broker review click “See review”, to see the complete table and compare more brokers visit our Comparison page.

  • Overall verdict
  • Trading
  • Minimum deposit
  • Maximum leverage
  • Fees
  • Withdrawal fee
  • Deposit fee
  • Safety
  • Top-tier regulators
  • Investor protection
MultiBank Group
  • Free VPS hosting
  • Specialized trading accounts
  • 24/7 instant money withdrawal
  • 4.1
    / 5
  • 3.9
    / 5
  • N/A
  • N/A
  • 4.4
    / 5
  • N/A
  • N/A
  • 3.9
    / 5
  • ASIC
  • Yes
  • See review
ACY.com
  • Specialized trading accounts
  • 24/7 instant money withdrawal
  • 4
    / 5
  • 3.7
    / 5
  • 50$
  • 1:500
  • 4.5
    / 5
  • $0
  • $0
  • 4.2
    / 5
  • ASIC
  • Yes
  • See review
Alfa-Forex
  • Free VPS hosting
  • Specialized trading accounts
  • 4.6
    / 5
  • 4.3
    / 5
  • N/A
  • N/A
  • 4.9
    / 5
  • N/A
  • N/A
  • 4.9
    / 5
  • CBR
  • Yes
  • See review
  • 3.9
    / 5
  • 3.8
    / 5
  • 100$
  • 1:500
  • 4.1
    / 5
  • N/A
  • N/A
  • 4
    / 5
  • FSP
  • Yes
  • See review
  • 4.1
    / 5
  • 4.3
    / 5
  • N/A
  • N/A
  • 4.2
    / 5
  • N/A
  • N/A
  • 4
    / 5
  • N/A
  • Yes
  • See review
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